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Derivatives Intern Jobs (NOW HIRING)

Akuna Capital

Quantitative Research Intern

Chicago, IL · On-site

$130K/yr

They opened the firm's first office in 2011 in the heart of the derivatives industry and the ... What you'll do as a Quantitative Research Intern at Akuna: Akuna's Quant team is looking to add ...

Optiver

Quantitative Research Intern (PhD)

Chicago, IL

$80K - $90K/yr

Building stochastic models to determine the fair value of financial derivatives. * Combining ... Available to intern during Summer 2026 * Open to full-time opportunities upon graduation in 2027 or ...

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How much do derivatives intern jobs pay per hour?

As of Jun 8, 2026, the average hourly pay for derivatives intern in the United States is $17.04, according to ZipRecruiter salary data. Most workers in this role earn between $14.42 and $19.23 per hour, depending on experience, location, and employer.

What does a Derivatives Intern do?

A Derivatives Intern typically assists with research, analysis, and reporting related to financial derivatives such as options, futures, and swaps. They may support traders and analysts by collecting market data, performing risk assessments, and helping to develop trading strategies. The internship is designed to give hands-on experience in the fast-paced world of derivatives trading, allowing interns to apply financial concepts and analytical skills in a real-world setting. It is also an opportunity to learn about financial markets, risk management, and the use of derivatives in investment portfolios.

What are the key skills and qualifications needed to thrive as a Derivatives Intern, and why are they important?

To thrive as a Derivatives Intern, you need strong quantitative and analytical skills, proficiency in finance or related coursework, and a solid understanding of financial markets. Familiarity with financial modeling, Excel, Bloomberg Terminal, and programming languages like Python or VBA is often expected. Attention to detail, teamwork, and effective communication help interns excel in a fast-paced, collaborative environment. These abilities are crucial for accurately analyzing complex financial products and supporting effective risk management in derivatives trading.

What types of projects and tasks can a Derivatives Intern expect to work on during their internship?

As a Derivatives Intern, you can expect to assist with data analysis, trade support, and risk management tasks under the guidance of experienced traders and analysts. Interns often help with monitoring market trends, preparing daily reports, and supporting the valuation of various derivative instruments. You may also participate in team meetings, collaborate with colleagues from risk, compliance, and technology departments, and contribute to research projects aimed at improving trading strategies. This hands-on exposure provides a strong foundation for understanding how derivatives operate within financial markets.
What cities are hiring for Derivatives Intern jobs? Cities with the most Derivatives Intern job openings:
What are the most commonly searched types of Derivatives jobs? The most popular types of Derivatives jobs are:
What states have the most Derivatives Intern jobs? States with the most job openings for Derivatives Intern jobs include:
Infographic showing various Derivatives Intern job openings in the United States as of May 2026, with employment types broken down into 53% Internship, 25% Full Time, 16% Part Time, and 6% Temporary. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $35,436 per year, or $17 per hour.
Quant Risk Management Intern - Year Round

Quant Risk Management Intern - Year Round

CME Group

Manhattan, NY

$23.84 - $39.71/hr

Other

Medical

Posted 22 days ago

Job description

Quant Risk Management - Internship - Year Round

CME Group is currently looking for a Quant Risk Management year-round intern.

This candidate will assist the Quant FnO team on day-to-day activities in support of development, analysis, and back-testing of models that safeguard our clearing initiatives. As a intern within the Quant FnO team, you will support the Equity Asset Class by ensuring the integrity of our risk models, validating complex datasets, and assisting in the deployment of next-generation clearing risk solutions.

Principal Accountabilities:

  • Model Validation: Conduct rigorous margin and stress testing model validations to ensure systemic stability.
  • Performance Analysis: Execute daily portfolio back-testing and historical data validation for equity-based products.
  • Production Support: Oversee code release testing and ensure the seamless integration of quant libraries into production environments.
  • Research & Implementation: Independently conduct quantitative research to formulate, implement, and document solutions for complex risk problems.

Skills / Software Requirements:

  • Programming: High proficiency in Python and SQL is essential. Experience with C++/C# is strongly preferred.
  • Risk Modeling: Deep understanding of statistical models in risk management, specifically:
  • Historical and Monte Carlo VaR
  • Multi-Factor Risk Models
  • Stressed VaR & Liquidity Risk models
  • Derivatives Knowledge: Solid foundation in financial markets, advanced derivatives modeling, and volatility surfaces.

Minimum Qualifications:

  • Master’s degree or PhD in Financial Mathematics, Financial Engineering, Computer Science, Physics, or a related quantitative field.
  • Available 40 hours a week

Sponsorship Qualifications:

  • Please note that our company is unable to provide employment sponsorship for this position and can only consider candidates who are legally authorized to work in the United States without sponsorship assistance (CPT, H1B, F1, L etc.).

#EarlyCareers

CME Group is committed to offering a competitive pay package for our employee interns. The pay range typically applicable to our intern roles is $23.84--$39.71. Actual pay offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education, location of the internship, and the internship area of focus. Through our benefits program, we offer our employee interns the opportunity to participate in select offerings. This includes our comprehensive health coverage and a mental health benefit.

CME Group: Where Futures are Made

CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it - all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more.

At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.

Important Notice:

Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here .

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About CME Group

Sourced by ZipRecruiter

As the world’s leading derivatives marketplace, CME Group is where the world comes to manage risk. We enable clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. We meet uncertainty and volatility with confidence and clarity, across the trading lifecycle and around the world.

Industry

Finance and insurance

Company size

1,001 - 5,000 Employees

Headquarters location

Chicago, IL, US

Year founded

2007

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